Victory Capital Management Inc. Sells 26,356 Shares of Leslie’s, Inc. (NASDAQ:LESL)

Victory Capital Management Inc. cut its holdings in Leslie’s, Inc. (NASDAQ:LESL) by 42.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 36,196 shares of the company’s stock after selling 26,356 shares during the period. Victory Capital Management Inc.’s holdings in Leslie’s were worth $81,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. IHT Wealth Management LLC raised its holdings in Leslie’s by 52.6% in the third quarter. IHT Wealth Management LLC now owns 16,760 shares of the company’s stock worth $51,000 after purchasing an additional 5,776 shares during the period. FMR LLC raised its holdings in Leslie’s by 334.4% in the third quarter. FMR LLC now owns 26,714 shares of the company’s stock worth $84,000 after purchasing an additional 20,564 shares during the period. GSA Capital Partners LLP acquired a new stake in Leslie’s in the third quarter worth $98,000. Quadrature Capital Ltd acquired a new stake in Leslie’s in the third quarter worth $117,000. Finally, Intech Investment Management LLC acquired a new stake in Leslie’s in the third quarter worth $144,000.

Leslie’s Trading Down 1.8 %

Shares of LESL stock opened at $0.78 on Monday. Leslie’s, Inc. has a 1 year low of $0.75 and a 1 year high of $7.32. The firm’s fifty day moving average price is $1.54 and its two-hundred day moving average price is $2.27. The firm has a market capitalization of $145.18 million, a P/E ratio of -5.23 and a beta of 1.20.

Leslie’s (NASDAQ:LESL) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.02). Leslie’s had a negative net margin of 2.13% and a negative return on equity of 6.11%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on LESL shares. Stifel Nicolaus cut their target price on shares of Leslie’s from $1.90 to $1.55 and set a “sell” rating on the stock in a report on Friday, February 7th. William Blair reiterated a “market perform” rating on shares of Leslie’s in a report on Tuesday, November 26th. The Goldman Sachs Group cut their target price on shares of Leslie’s from $4.00 to $3.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Robert W. Baird set a $3.00 price objective on shares of Leslie’s in a report on Tuesday, February 4th. Finally, Bank of America lowered shares of Leslie’s from a “buy” rating to an “underperform” rating and dropped their price objective for the stock from $2.65 to $1.40 in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $2.65.

Leslie’s Profile

Leslie’s, Inc operates as a direct-to-consumer pool and spa care brand in the United States. The company markets and sells pool and spa supplies and related products and services. It also offers various pool and spa maintenance items, such as chemicals, equipment and parts, cleaning and maintenance equipment, safety, recreational, and fitness related products.